House of Mercy Enterprises

Analysis

House of Mercy Enterprises is a registered charity in United States, based in Olney, TX. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, House of Mercy Enterprises reported income of $184k and spending of $211k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $251k to $184k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of Mercy Enterprises sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Rdoor Housing Corporation ($184k), Immanuel Affordable Inc ($184k) and Asi Helena Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $12k (5.7% of expenses). Other salaries and wages came to $36k. At year end it held assets of $844k against liabilities of $788, net assets of $843k.